FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
1295.74 area is a strong old resistance and could be tested as new support, We will manually enter this trade as a SELL but only down to or new support level , and we have set BUYn order for the retest of this level.

We should see price push higher to the upside after this retest, our reasoning behind this trade is because the buyers ( bulls ) were strong on Friday before market close pushing the price up and smashing through our resistance and we don't think it is done yet, it still has more to give.... like a sugar daddy to his little GOLD DIGGER ;p

Price also broke out of a ascending triangle last week ( our blue trend line and our green resistance/support line ) and pushed lower as we predicted but then price got exhausted around 1276.64 and some candles with longish bearish shadows formed, this was an indicator that sellers ( bears ) had got tired and bulls ( buyers ) were about to take over.

Comments

Right again it took off
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Apex_Gregg Managed_CapitalUK
@Managed_CapitalUK, it grew wings and flew away 👌
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Funny I'm on this already. Additional confirmation cheers
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Apex_Gregg Managed_CapitalUK
@Managed_CapitalUK, I’m glad we could confirm this for you 👌
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